Market Definition

Polyalkylene glycol (PAG) base oils are classified by their weight percent composition of oxypropylene versus oxyethylene units in the polymer chain. Polyalkylene glycol (PAG) base oils with 100 weight percent oxypropylene groups are water insoluble; whereas those with 50 to 75 weight percent oxyethylene are water soluble at ambient temperatures. Polyalkylene glycol (PAG) base oils have long been used as industrial lubricants, and recent work has led to the development of polyalkylene glycol (PAG) lubricants for use in equipment in the food processing industry. These products are known as food-grade approved lubricants. 

The widespread Europe Polyalkylene Glycol (PAG)Base Oil report brings together a detailed study of the present and upcoming opportunities to elucidate the future investment in the THIS industry. Painstakingly analysed market segmentation aspect provides a clear idea about the product consumption based on numerous factors ranging from type, application, deployment model, end user to geographical region. 2020 is the base year while 2021 is the historic year for calculation in the report. The industry report consists of reviews about key players in the market, major collaborations, merger and acquisitions along with trending innovation and business policies.

The PAG oils have high viscosity index, good water solubility, shear stability, and less volatility under high temperatures. Later, polyalkylene glycol (PAG) base oils began to see extensive use as textile lubricants and as quenchants in metal heat treating. Data Bridge Market Research analyses that the Europe polyalkylene glycol (PAG) base oil market is expected to reach USD 1,672,566.10 thousand by the year 2029, at a CAGR of 3.2% during the forecast period. "Conventional (water insoluble)" accounts for the most prominent product segment in the respective market, owing to the demand for PAGs in the automotive industry. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.

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PAG oil or polyalkylene glycol is completely synthetic hygroscopic oil intended specifically for air conditioning compressors in automobiles. They are widely used as compressor oil. Water-soluble PAG oil and water insoluble PAG oil are two of the common products of the PAG. Other than compressor oil, they are also widely used in applications such as worn gear lubricant, anhydrous fire resistant hydraulic fluid, metal working fluid, and others.

Staying informed about the trends and opportunities in the industry is quite a time consuming process where a first-rateEurope Polyalkylene Glycol (PAG) Base Oil market report actually helps a lot. The major areas of market analysis such as market definition, market segmentation, competitive analysis and research methodology are studied very carefully and precisely in the whole report. Various steps are used while generating this report by taking the inputs from a specialized team of researchers, analysts and forecasters. An excellent market analysis report can be generated only with the leading attributes such as highest level of spirit, practical solutions, committed research and analysis, innovation, talent solutions, integrated approaches, most up-to-date technology and dedication.

Competitive Landscape and Europe Polyalkylene Glycol (PAG) Base Oil Market Share Analysis

The Europe polyalkylene glycol (PAG) base oil market competitive landscape provides details by the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Europe presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points are only related to the companies' focus on the Europe polyalkylene glycol (PAG) base oil market.

Some of the major players operating in the Europe polyalkylene glycol (PAG) base oil market are TotalEnergies, Phillips 66 Company, Exxon Mobil Corporation, Royal Dutch Shell plc, Denso Corporation, BASF SE, Eni Oil Products, Chevron Corporation, FUCHS, Croda International Plc, FUCHS, Hornett Bros & Co Ltd., PETRONAS Lubricants International, LIQUI MOLY GmbH, Morris Lubricants, Ultrachem Inc., Idemitsu Kosan Co., Ltd., among others.

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Europe Polyalkylene Glycol (PAG) Base Oil Market Scope

Europe polyalkylene glycol (PAG) base oil market is segmented on the basis of product, application, and end-use. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

• Conventional (Water Insoluble)
• Water-Soluble

On the basis of product, the Europe polyalkylene glycol (PAG) base oil market is segmented into conventional (water insoluble) and water-soluble. The conventional (water soluble) segment is expected to dominate the market as they have a very high viscosity index and low and high-temperature abilities, which helps boost its demand in the forecast year.

Application

• Hydraulic Oil
• Gear Oil
• Compressor Oil
• Metal Working Fluids
• Greases
• Others

On the basis of application, the Europe polyalkylene glycol (PAG) base oil market is segmented into hydraulic oil, gear oil, compressor oil, metal working fluids, greases, and others. The compressor oil segment is expected to dominate the market as it reduces the wear and tear on rotating parts and prevents metal from rubbing against metal, which helps boost its demand in the forecast year.

End-Use

• Automotive
• Aerospace
• Marine
• Tooling & Industrial Equipment
• HVAC & Refrigeration
• Others
  On the basis of end-use, the Europe polyalkylene glycol (PAG) base oil market is segmented into automotive, aerospace, marine, tooling & industrial equipment, HVAC & refrigeration, and others. The automotive segment is expected to dominate the market as PAG oil helps control friction and wear in the automotive engine, which helps to boost its demand in the forecast year.

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